Suburb Profile Report for Mordialloc VIC (3195)

Mordialloc House: Median price $865,000, Annual capital growth 8.70%, Number of sales 67, Weekly median advertised rent $495

Mordialloc Unit: Median price $530,000, Annual capital growth 7.00%, Number of sales 99, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Mordialloc, 3195 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.38%

Mordialloc,3195 was ranked 1398 in Australia by increase in median property value over the quarter.

Property buyers and investors in Mordialloc 3195 should be seeing an average reduction in asking price of around -3.54% . This means that Mordialloc is holding prices well when compared to other suburbs in VIC.

Using the current median advertised rental of $495 and the average annual increase in value of a median property of 8.70%, investors should hope to achieve an overall return of 2.98%

Property investors who have had real estate in Mordialloc, 3195 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.98%

While Mordialloc,3195 ranked number 58th in VIC for increase in median house value (annualised) increase, it is ranked 91th over the last 5 years.

Vendor discounting in Mordialloc is giving property investors an average Vendor Discount of around -2.48%. This puts suburb at number 299th in VIC when ranking the most discounted suburbs.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.53%, without taking into account capital value appreciation, which has been averaging out at 7.00%.

Harry Lew Information supplied by:

Harry Lew
Bayview Real Estate

M 0419 541 117
O 03 9580 9333

W www.bayviewrealestate.com.au
E harrylew@bayviewrealestate.com.au
Another Victorian coastal suburb on the move, Mordialloc is benefiting from the growing willingness of city workers to relocate to lifestyle suburbs and commute back to the CBD.
Located to Melbourne's south-east, en route to the Mornington Peninsula, the pristine beachside suburb is seeing investors get excited about older style units and houses on large blocks.
The suburb is characterised by epriod homes of varying eras, while the potential for redevelopment on larger blocks has seen a number of modern townhouses and apartments spring up.
Schools, shopping, cafes, restaurants and recreational facilities are among the town's most attractive amenities; while industrial parks in neighbouring suburbs drive a lot of employment in the area.Full summary

Selling points: A very affordable Bayside suburb with a great mix of property styles, easy access to the city, a host of facilities, well-regarded schools, parks, shopping precincts and popular beaches.    

Most sought after properties: Median-priced older style two-bedroom units and three or four-bedroom houses on 650m2 plus blocks.

Most common properties: Mordialloc has an array of period style homes dating from the late 1800s to the early 1900s: Victorian, Californian Bungalow, federation, as well as your traditional post war homes, in 1950’s red and cream, or vanilla brick homes. With many of the larger blocks being redeveloped, there are a stunning selection of modern townhouses and apartments, which complement the area.     

Top amenities: A wide choice of private schools and highly regarded secondary schools attract many buyers and renters to the area. It also offers easy access to Southland shopping complex, lots of trendy cafes and popular strip shopping. An abundance of recreation facilities include parks, swimming complexes and sporting ovals. A reliable train line for commuters to the city (approximately 40mins) and an express service from Cheltenham Station is also available.   

Local industry and business: Large commercial and industrial parks located in Cheltenham, Moorabbin and Braeside, employ large numbers as well as the big supermarket chain buildings in main locations across the suburb.  

Recent changes: Extensions have been made to Southland shopping complex; major developments with multi-storey apartments and ground floor retail space have been made to most main road shopping strips in the Bayside area; and a total redevelopment has taken place at the old Thrift Park shopping centre. Woolworths, Coles and Aldi are all completing sizable new stores in the Bayside region and, most recently, a Bunnings mega store has arrived in Mentone. Residential and commercial developers have done their research and know that the Bayside suburbs are showing strong capital growth over a long period.   

Best streets: Within walking distance to a railway station and main shopping strip and preferably in a quiet corner. Historical sales data shows us this contributes to long term strong capital growth, which is also excellent for investors attracting renters.


Public transport: Reliable train and bus routes including an express service form Cheltenham Station.

Main arteries: Nepean Highway and Beach Road are the main access points to the city. It is also an easy drive to the Mornington Peninsula via Nepean Highway, while the East link Freeway has made the trip to the outer Eastern Suburbs more convenient. 

Close
HOUSE UNIT
$865,000 $530,000
1.70% 3.92%
5.38% 13.98%
8.70% 7.00%
$495 $360
67 99
2.98% 3.53%
59.63 58.06

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Mordialloc VIC
Demographics
Total population 7536
Median household income ($/weekly) 1359
Median age of persons 38
Median housing loan repayment ($/monthly) 2000
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 885 11.7
    25-34 years 1087 14.4
    35-44 years 1323 17.6
    45-54 years 1075 14.3
    55-64 years 769 10.2
    Others 2398 31.8
    Age Group
    Census Count Percent(%)
    Registered Married 2607 47.0
    Not Married 2362 42.6
    Defacto Relationship 579 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 5281 73.6
    Croatia 120 1.7
    Papua New Guinea 118 1.6
    United Kingdom 549 7.6
    Other 315 4.4
    Others 796 11.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 92 1.3
    Christianity 4561 66.4
    Hinduism 61 0.9
    Islam 56 0.8
    No Religion 1994 29.0
    Others 110 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 230 8.6
    $1,000-$1,249 218 8.2
    $1,500-$1,999 341 12.8
    $2,000-$2,499 269 10.1
    $2,500-$2,999 311 11.6
    Others 1301 48.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2553 44.0
    Not in the labour force 1783 30.7
    Employed, worked part-time 1079 18.6
    Employed, away from work 222 3.8
    Unemployed, looking for work 166 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 557 14.5
    Professionals 995 25.8
    Technicians & trades workers 527 13.7
    Clerical & administrative workers 654 17.0
    Sales 351 9.1
    Others 769 20.0
    Occupation
    Census Count Percent(%)
    Pre-school 174 10.2
    Infants/Primary 600 35.3
    Secondary 426 25.0
    Technical or Further Educational Institution 165 9.7
    University or other Tertiary Institutions 271 15.9
    Others 65 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4023 57.0
    Semi-detached, row or terrace house, townhouse 1588 22.5
    Flat, unit or apartment 1407 20.0
    House or flat attached to a shop, office 34 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1194 41.3
    Rented 865 30.0
    Fully owned 817 28.3
    Other tenure type 12 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals